SPRING COTTAGE, HAREWELL LANE, BESFORD, WORCESTER, WR8 9AT - £185,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

SPRING COTTAGE is a very small extended detached house of 135m², built sometime before 1900. It was last sold for £185,000 in July 2014, which was around 43% below the average July 2014 detached price in the Wychavon local authority area. The most recent EPC inspection was March 2024, where the current energy rating was D, and the potential energy rating was B.

SPRING COTTAGE Sold Prices

Land registry data shows two sales for SPRING COTTAGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Wychavon local authority area for the corresponding sale date. Both of the two SPRING COTTAGE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2014 23 JUL	£185,000	£325,561	43% below HPI
2009 23 DEC	£200,000	£287,879	31% below HPI

SPRING COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wychavon local authority area over time, sourced from the HPI. The two SPRING COTTAGE sales from December 2009 and July 2014 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the December 2009 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the July 2014 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

How Large is SPRING COTTAGE?

SPRING COTTAGE is 135m², which includes one extension, according to the EPC inspection conducted in March 2024. This puts it in the smallest 20% of detached houses in Besford, based on EPC data. The below chart shows the distribution of detached houses by size in Besford, and where SPRING COTTAGE lies on this distribution: 13% of detached houses are smaller than SPRING COTTAGE, and 88% of houses are larger. Note that EPC data is not available for all properties in Besford.

SPRING COTTAGE: Plot and Title Map

SPRING COTTAGE sits on a plot of roughly 0.581 of an acre, or 2,353m². The below map shows the location of SPRING COTTAGE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of SPRING COTTAGE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is SPRING COTTAGE?

SPRING COTTAGE is located on HAREWELL LANE in BESFORD, in the WR8 postcode district. The below map shows the position of SPRING COTTAGE on HAREWELL LANE.